Laserfiche WebLink
11/7/2024 <br />2 <br />GRANT BASICS <br />Established by MN Legislature in 2023, provides grants to stimulate  <br />installation of solar energy systems on public buildings <br />$4.3M in grants administered by MN Department of Commerce to local  <br />governments in Xcel Energy service territory (first of at least two rounds) <br />City of Saint Anthony Village eligible for up to 60% of system cost as  <br />determined by financial capacity (adjusted net tax capacity/capita) <br />Stacking opportunity with 30% federal tax credit through Direct Pay <br />Remaining 10% system cost responsibility of city – planning for CIP funds <br />Grant contract term of up to 18 months for project activities <br />APPLICATION PROCESS TIMELINE <br />2024 <br />April – May Staff and WSB prepare materials for Building Readiness Assessments <br />June 3 Step 1: Building Readiness Assessments for both project sites submitted <br />July 1 Notified by Commerce that both sites are eligible for full applications <br />August 5 RFP for both sites released by city <br />August 7 City hosts mandatory pre-proposal site visits for potential developers <br />August 19 Proposals due, committee started review <br />September 16 Selected developer, assists with remainder of full application <br />September 23 Step 2: Full Grant Applications for both sites submitted <br />October 21 Notified by Commerce that both sites have been conditionally approved for grants